Member Info for ID78

Thanks tyre tread.

Greatland is the success story of the past few years. Buy for context we could actually have 3/4 the gold they have.

Let that sink in.

Yes it will take time and money to prove up - but there is 2 mill you can hang your hat on. That’s still a lot of gold and a lot of money.

Based on 100,000oz gold production the 2mill oz - that’s a 20 year life of mine!!! …. It’s massive this deal IMO

Well greatland gold have 10mill ounces gold and a MCAP of £3.4bill.

This deal gives GAL 2mill ounces and with potentially 7mill ounces or more.

What’s the MCAP?… This deal is massive for GAL

Wishbone are waiting on drill results and have been forever.

Currently they have no gold.

Am I being thick.

They’ve acquired a functioning gold mine with 200,000z nameplate production. Peak production 135,000oz.

7mill oz gold (2mill measured and indicated, 5mill inferred)

It has cost $32mill paid up by end of 2029 and 19% of galantas shares..

Either I’m missing something or this is a robbery by galantas.

100koz production - assuming $5000/oz price of gold and $2000 AISC is $300mill profit A YEAR.

This SP will not trend sideways.

Silver is also needed in EVs…. and car manufacturers work a just in time model meaning they hold 4-6 weeks stock.

It’s also used in solar panels (and there’ll be other uses I don’t know of)…

Now there is increased demand by investors and stackers competing with the manufacturing demand…

AND now it’s far harder to get silver (or anything) from China…

The early production in 2025 was decent and I bought for the re-rate that should come with the gold production.

They then moved pits and production dropped and I sold out. Since they moved pits the production has been very poor.

It’s now dropped to zilch, nothing, nada the recent production, since August is - nothing.

This is the story of 2025.

I’m not emotional - I’m just saying that your statement is far from reality

‘This is a growing business’ … they produced nothing since August.

Nothing.

That’s not a growing business.

Banjomick, Fr Jack Hack

I’d tend to agree with you on the grades.

I held some GEO and kept saying ‘you have to hold some of these’

Then I realised - it’s a wildcat drill and could all go horribly wrong. So I got out with a profit a while ago.

Feel for those holding now.

This is exasperating. From what I can see the posters that are emotional are the ‘rampers’. The ‘bashers’ have essentially lost money and are resigned to it and are trying to warn the ‘rampers’.

The question remains fundamental- why is there so little gold being poured? Can anyone answer that? I’m not bashing I’m asking a question. The answers that I can tell are;

- incompetent management?

- or are the gold grades not actually good enough?

I think that only pit 4 gold is JORC compliant so the grades question is valid…

I thought that the management had taken steps to improve the gold pours;

- changed the team working for them, which led to increased the stacking of ore

- increased heap leach capacity).

So it looked like management were doing a good job. But the gold pours at the end of 2025 are down vs the start. How can this possibly happen when the HL capacity and stacking is higher??

On that basis something is fundamentally not right. It’s not bashing. It’s just a fact. The share price should be multiples of where it is. Given how 2025 progressed you cannot see why there would be any improvement for 2026.

AIMSL have extended the loan to allow them (AIMSL) to decide what to do with this asset. In addition we can all agree the price of gold will be higher at then end of this year so are AIMSL taking the longer term view of waiting for a higher price of gold in 2027 before taking the asset and selling it on?….

Happy new year to you too 4unme

If Bitcoin breaks $100k then a rally to new highs could be on.

Watching closely…

If Bitcoin breaks $100k then a rally to new highs could be on.

Watching closely…

‘ that achievement puts GRL in the 1% of mine exploration developers, most fail miserably’

GRL are still going through sheer luck that the price of gold is so high. Were it not then GRL would be among the 99% of failures.

They have bought a year. I hope for all holding that some gold pours start to happen, regularly.

This guys done his homework. A really cracking video.

https://m.youtube.com/watch?v=E-_iTYcXAjg

as Clive suggests there must be a few manufacturers panicking about getting their silver. Also worth to note the man’s prediction on comex raising the margin to 25% came true the day after this post…

The flip side is that Patrick Karim is suggesting silver needs to halt its march and perhaps pullback to let the 36SMA close the gap (for now)

Given the picture painted by Clive I don’t see silver dropping back much. Or if it does, it won’t be for long.

Happy new year portfolio power (when it comes!)

Completely agree, HarChris

How temporary do you see the bearish trend?

If you chart Bitcoin priced in gold the bearish trend is a few years…. Not a couple of months … and the worrying thing is it only looks like it’s getting started on a proper downtrend on that chart.

So …. how long is temporary bearish??….

Conman - you are correct. Hawaii has a point but it’s the very best case scenario. What are the odds of that outcome? Honestly I don’t know.

It’s a bet, a gamble….

The heap leach expansion would be a viable positive to hang on to if it wasn’t for the fact that heap leach has expanded but without any improvement in the gold pours.

So more talk about heap leach expansion starts to look a bit like smoke and mirrors to distract us all.

It would seem you did call it correctly bonker 👏🏻